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austin_dern

May 2026

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Date: 2015-07-04 08:55 pm (UTC)
From: [identity profile] austin-dern.livejournal.com
I'm vague about the purpose of validating tickets, and what the automated-validating-machine gives you that couldn't be done from the original ticket dispenser. I'm curious what the history of the project is.

Wars do need proper financing, though. It's the part of conflicts that goes the most under-explained in history books. United States Civil War histories occasionally mention how the Union had trouble finding money, especially early on when most battles were going badly for the side of good, but how they overcame it largely with bonds. (Really good histories mention how this connected to the debates on the silver standard later in the century, and the Populist movement.) They might also mention how the Slavers tried to finance their treason without a public debt, or collateral on which to place a public debt, and how much that did to sink their cause not fast enough.

World War II histories (at least in the United States) occasionally mention the War Loan drives, but it's rarely more than a couple paragraphs of detail about the Home Front and How Fascinating It Was. I understand that financial history is confusing --- most of the basic terms are unfamiliar or used in weird ways --- and not as thrilling as battles, but it's important stuff not made very clear.
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